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20121202
20121210
Search Results 0 to 4 of about 5 (some duplicates have been removed)
chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington post" columnist michael gerson and our own norah o'donnell and major garrett, our chief white house correspondent. it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning again. well to the famous combos of modern life, from mac and cheese peanut butter and jelly rum and coke, bread and butter, and salt and pep pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't mention one without think of the other. when you headed up the bipartisan deficit c
. >> here's the key. i don't think they can do a two-step deal unless we agree to long-term deficit reduction. the uncertainty will remain. that is in a sense, kicking the can down the road. and that is the worst outcome. >> here's what you can do. you can come up with an agreement on the big framework of an overall deal before want fiscal cliff. how big is the deal going to be? how much in revenues? how much are we going to do with entitlements and then it has to go through the committee of jurisdiction how to do tax reform right and health care right. you need to come up with a top line parent of the deal and make sure it's big enough to fix the problem. one of the concerns i have is start negotiating down and down and down and not really fix the problem and there's no impetus to finish up. >> they have to scale back the cliff, the tax increases and spending cuts. the second is the debt ceiling. and the third thing is the path to fiscal sustainability, the long-term deficit reduction, tax reform, reforms to the entitlement programs that get to us a stable g.d.p. in the future. and
-term deficits and we should do ethics help growth in the short term like rebuilding american infrastructure, helping americans with their mortgages, extend unemployment benefits. we show a way to pay for those in our plan in that context. that's what we think makes the most sense. of course, we're open to suggestions. there are going to be other ideas from democrats, other ideas from republicans. we can take a look at those ideas and evaluate them but not until we see them. >> schieffer: bottom line, though, is you're going to-- you're going to have to have more revenue and you expect to get it from upper income americans. you think they ought to pay more. >> we're going to have higher rate and higher revenue interest just 2% of americans. in any event% of americans do not need to see and are not going to see an increase in their marginal tax rates. that's a commitment of president. i think we're going to get there. the republicans have conceded-- and this is important-- they're prepared to raise revenue, raise taxes as part the deser deal but they haven't told us how far they're willing to
Search Results 0 to 4 of about 5 (some duplicates have been removed)